TAT Technologies (NASDAQ:TATT) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of TAT Technologies (NASDAQ:TATTGet Free Report) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the aerospace company’s stock.

TAT Technologies Price Performance

Shares of TATT opened at $14.99 on Friday. The firm has a market cap of $151.40 million, a PE ratio of 24.18 and a beta of 0.86. The business’s 50 day moving average price is $13.10 and its two-hundred day moving average price is $12.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 2.75. TAT Technologies has a 52-week low of $6.99 and a 52-week high of $16.24.

TAT Technologies (NASDAQ:TATTGet Free Report) last issued its quarterly earnings data on Wednesday, May 22nd. The aerospace company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $34.09 million during the quarter. TAT Technologies had a net margin of 4.99% and a return on equity of 7.17%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TAT Technologies stock. Meitav Investment House Ltd. bought a new position in TAT Technologies Ltd. (NASDAQ:TATTFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned 4.60% of TAT Technologies as of its most recent SEC filing. 15.13% of the stock is owned by institutional investors.

TAT Technologies Company Profile

(Get Free Report)

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.

Further Reading

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